$100 in 1944 is worth $821.02 in 1993

Value of $100 from 1944 to 1993

$100 in 1944 is equivalent in purchasing power to about $821.02 in 1993, an increase of $721.02 over 49 years. The dollar had an average inflation rate of 4.39% per year between 1944 and 1993, producing a cumulative price increase of 721.02%.

This means that prices in 1993 are 8.21 times higher than average prices since 1944, according to the Bureau of Labor Statistics consumer price index.

The inflation rate in 1944 was 1.73%. The inflation rate in 1993 was 2.99%. The 1993 inflation rate is higher compared to the average inflation rate of 2.42% per year between 1993 and 2022.


Inflation from 1944 to 1993
Cumulative price change 721.02%
Average inflation rate 4.39%
Converted amount ($100 base) $821.02
Price difference ($100 base) $721.02
CPI in 1944 17.600
CPI in 1993 144.500
Inflation in 1944 1.73%
Inflation in 1993 2.99%
$100 in 1944 $821.02 in 1993

USD inflation since 1944
Annual Rate, the Bureau of Labor Statistics CPI
Download

Buying power of $100 in 1944

This chart shows a calculation of buying power equivalence for $100 in 1944 (price index tracking began in 1635).

For example, if you started with $100, you would need to end with $821.02 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $100 is equivalent to $821.02 over time, that means that the "real value" of a single U.S. dollar decreases over time. In other words, a dollar will pay for fewer items at the store.

This effect explains how inflation erodes the value of a dollar over time. By calculating the value in 1944 dollars, the chart below shows how $100 is worth less over 49 years.

According to the Bureau of Labor Statistics, each of these USD amounts below is equal in terms of what it could buy at the time:

Dollar inflation: 1944-1993
Year Dollar Value Inflation Rate
1944 $100.00 1.73%
1945 $102.27 2.27%
1946 $110.80 8.33%
1947 $126.70 14.36%
1948 $136.93 8.07%
1949 $135.23 -1.24%
1950 $136.93 1.26%
1951 $147.73 7.88%
1952 $150.57 1.92%
1953 $151.70 0.75%
1954 $152.84 0.75%
1955 $152.27 -0.37%
1956 $154.55 1.49%
1957 $159.66 3.31%
1958 $164.20 2.85%
1959 $165.34 0.69%
1960 $168.18 1.72%
1961 $169.89 1.01%
1962 $171.59 1.00%
1963 $173.86 1.32%
1964 $176.14 1.31%
1965 $178.98 1.61%
1966 $184.09 2.86%
1967 $189.77 3.09%
1968 $197.73 4.19%
1969 $208.52 5.46%
1970 $220.45 5.72%
1971 $230.11 4.38%
1972 $237.50 3.21%
1973 $252.27 6.22%
1974 $280.11 11.04%
1975 $305.68 9.13%
1976 $323.30 5.76%
1977 $344.32 6.50%
1978 $370.45 7.59%
1979 $412.50 11.35%
1980 $468.18 13.50%
1981 $516.48 10.32%
1982 $548.30 6.16%
1983 $565.91 3.21%
1984 $590.34 4.32%
1985 $611.36 3.56%
1986 $622.73 1.86%
1987 $645.45 3.65%
1988 $672.16 4.14%
1989 $704.55 4.82%
1990 $742.61 5.40%
1991 $773.86 4.21%
1992 $797.16 3.01%
1993 $821.02 2.99%
1994 $842.05 2.56%
1995 $865.91 2.83%
1996 $891.48 2.95%
1997 $911.93 2.29%
1998 $926.14 1.56%
1999 $946.59 2.21%
2000 $978.41 3.36%
2001 $1,006.25 2.85%
2002 $1,022.16 1.58%
2003 $1,045.45 2.28%
2004 $1,073.30 2.66%
2005 $1,109.66 3.39%
2006 $1,145.45 3.23%
2007 $1,178.08 2.85%
2008 $1,223.31 3.84%
2009 $1,218.96 -0.36%
2010 $1,238.95 1.64%
2011 $1,278.06 3.16%
2012 $1,304.51 2.07%
2013 $1,323.62 1.46%
2014 $1,345.09 1.62%
2015 $1,346.69 0.12%
2016 $1,363.68 1.26%
2017 $1,392.73 2.13%
2018 $1,427.44 2.49%
2019 $1,452.60 1.76%
2020 $1,470.52 1.23%
2021 $1,539.60 4.70%
2022 $1,642.66 6.69%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 43 more rows

This conversion table shows various other 1944 amounts in 1993 dollars, based on the 721.02% change in prices:

Conversion: 1944 dollars in 1993
Initial value Equivalent value
$1 dollar in 1944 $8.21 dollars in 1993
$5 dollars in 1944 $41.05 dollars in 1993
$10 dollars in 1944 $82.10 dollars in 1993
$50 dollars in 1944 $410.51 dollars in 1993
$100 dollars in 1944 $821.02 dollars in 1993
$500 dollars in 1944 $4,105.11 dollars in 1993
$1,000 dollars in 1944 $8,210.23 dollars in 1993
$5,000 dollars in 1944 $41,051.14 dollars in 1993
$10,000 dollars in 1944 $82,102.27 dollars in 1993
$50,000 dollars in 1944 $410,511.36 dollars in 1993
$100,000 dollars in 1944 $821,022.73 dollars in 1993
$500,000 dollars in 1944 $4,105,113.64 dollars in 1993
$1,000,000 dollars in 1944 $8,210,227.27 dollars in 1993

Inflation by City

Inflation can vary widely by city, even within the United States. Here's how some cities fared in 1944 to 1993 (figures shown are purchasing power equivalents of $100):

San Francisco, California experienced the highest rate of inflation during the 49 years between 1944 and 1993 (4.57%).

Seattle, Washington experienced the lowest rate of inflation during the 49 years between 1944 and 1993 (3.83%).

Note that some locations showing 0% inflation may have not yet reported latest data.


Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £100.00 in 1944 would be equivalent to £2,176.86 in 1993, an absolute change of £2,076.86 and a cumulative change of 2,076.86%.

In Canada, CA$100.00 in 1944 would be equivalent to CA$941.15 in 1993, an absolute change of CA$841.15 and a cumulative change of 841.15%.

Compare these numbers to the US's overall absolute change of $721.02 and total percent change of 721.02%.


Inflation by Spending Category

CPI is the weighted combination of many categories of spending that are tracked by the government. Breaking down these categories helps explain the main drivers behind price changes.

This chart shows the average rate of inflation for select CPI categories between 1944 and 1993.

Compare these values to the overall average of 4.39% per year:

Category Avg Inflation (%) Total Inflation (%) $100 in 1944 → 1993
Food and beverages 5.52 1,293.78 1,393.78
Housing 6.03 1,664.54 1,764.54
Apparel 3.11 348.41 448.41
Transportation 4.39 719.88 819.88
Medical care 6.00 1,639.27 1,739.27
Recreation 0.00 0.00 0.00
Education and communication 0.00 0.00 0.00
Other goods and services 6.78 2,385.25 2,485.25

The graph below compares inflation in categories of goods over time. Click on a category such as "Food" to toggle it on or off:

For all these visualizations, it's important to note that not all categories may have been tracked since 1944. This table and charts use the earliest available data for each category.



How to calculate inflation rate for $100, 1944 to 1993

Our calculations use the following inflation rate formula to calculate the change in value between 1944 and 1993:

CPI in 1993 CPI in 1944
×
1944 USD value
=
1993 USD value

Then plug in historical CPI values. The U.S. CPI was 17.6 in the year 1944 and 144.5 in 1993:

144.517.6
×
$100
=
$821.02

$100 in 1944 has the same "purchasing power" or "buying power" as $821.02 in 1993.

To get the total inflation rate for the 49 years between 1944 and 1993, we use the following formula:

CPI in 1993 - CPI in 1944CPI in 1944
×
100
=
Cumulative inflation rate (49 years)

Plugging in the values to this equation, we get:

144.5 - 17.617.6
×
100
=
721%

Comparison to S&P 500 Index

The average inflation rate of 4.39% has a compounding effect between 1944 and 1993. As noted above, this yearly inflation rate compounds to produce an overall price difference of 721.02% over 49 years.

To help put this inflation into perspective, if we had invested $100 in the S&P 500 index in 1944, our investment would be nominally worth approximately $30,741.40 in 1993. This is a return on investment of 30,641.40%, with an absolute return of $30,641.40 on top of the original $100.

These numbers are not inflation adjusted, so they are considered nominal. In order to evaluate the real return on our investment, we must calculate the return with inflation taken into account.

The compounding effect of inflation would account for 87.82% of returns ($26,997.12) during this period. This means the inflation-adjusted real return of our $100 investment is $3,644.28. You may also want to account for capital gains tax, which would take your real return down to around $3,098 for most people.

Investment in S&P 500 Index, 1944-1993
Original Amount Final Amount Change
Nominal $100 $30,741.40 30,641.40%
Real
Inflation Adjusted
$100 $3,744.28 3,644.28%

Information displayed above may differ slightly from other S&P 500 calculators. Minor discrepancies can occur because we use the latest CPI data for inflation, annualized inflation numbers for previous years, and we compute S&P price and dividends from January of 1944 to latest available data for 1993 using average monthly close price.

For more details on the S&P 500 between 1944 and 1993, see the stock market returns calculator.


Data source & citation

Raw data for these calculations comes from the Bureau of Labor Statistics' (CPI), established in 1913. Inflation data from 1634 to 1912 is sourced from a historical study conducted by political science professor Robert Sahr at Oregon State University and from the American Antiquarian Society.

You may use the following MLA citation for this page: “$100 in 1944 → 1993 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 28 May. 2022, https://www.officialdata.org/1944-dollars-in-1993?amount=100.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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» Read more about inflation and investment.

Inflation from 1944 to 1993
Cumulative price change 721.02%
Average inflation rate 4.39%
Converted amount ($100 base) $821.02
Price difference ($100 base) $721.02
CPI in 1944 17.600
CPI in 1993 144.500
Inflation in 1944 1.73%
Inflation in 1993 2.99%
$100 in 1944 $821.02 in 1993